After updating forecasts for cash flow in 2024, the management of PJSC EsEfAi plans to submit to the next meeting of the Board of Directors the issue of a possible increase in the recommended interim dividends for the first 9 months of 2024. This is stated in the company's message.
If the Board of Directors agrees with these recommendations, in accordance with corporate procedures, it will be necessary to convene a new extraordinary meeting of shareholders, and cancel the one convened earlier on November 19, 2024.
Recall that the Board of Directors of PJSC "EsEfAi" recommended shareholders to pay dividends for 9 months of 2024 in the amount of 5.45 billion rubles at the rate of 113.8 rubles. per share.
SFI (PJSC "EsEfAi") is a public diversified investment holding company with a portfolio of assets consisting of Russian companies. SFI combines leasing and insurance assets, invests in large minority stakes in industrial and retail companies.
According to the company's published report, at the end of June 2023, the main shareholders were: EsEfAi Trading LLC (57.2% of shares), Lanbury Trading Limited (18.6%), Daglis JSC (10%), CAO VSK (1.5%). The largest final beneficiary is Said Gutseriev.
The list of subsidiaries includes the leasing companies Europlan and Region Estate, where EsEfAi owns 100% of the shares. The company controls the VSK Group by 49%.
SFI's net profit under IFRS in the first half of 2024 amounted to RUB 15.2 billion, which is 39% more than in the same period of the previous year. Operating income and financial income reached RUB 22.4 billion, an increase of 23%.
The net profit of PJSC "EsEfAi" for 9 months of 2024 according to RAS increased 3 times to 17.676 billion rubles from 5.919 billion rubles a year earlier. Revenue increased to RUB 26.18 billion from RUB 5.08 billion. Management expenses amounted to 1.6 billion rubles, of which 1.3 billion rubles were one—time expenses related to the IPO of PJSC LC Europlan.
